Concept, Meaning, Characteristics, Function of Management. Management as Science, Art and Profession. Level of Management
Management is the process of coordinating and controlling human efforts in order to get the desired results and output. Management can be viewed as a subject, process or a body of an organization. Management has certain features such as goal oriented, group activity, universal activity, dynamic, art and science, profession etc.
This note comprises the importance of Management in any business organization. The five basic function of management is planning, organizing, staffing, directing and controlling.
We can understand that management can be considered as science, art and management as it fulfills the basic criteria. There are three level of management in any organization: Top level, Middle level and Lower level management.